PMJA PGIM S&P 500 Max Buffer ETF - January

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$27.98
0.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since Jan 1, 2026, PMJA returned 4.6%, against SPY's 13.3% price return. It can gain 1.4% more before its cap.

Absorbs the whole loss on SPY and caps the gain at 6.6%, over a period ending Dec 31, 2026PGIM ↗Expense ratio 0.50%Fund assets $5.6m on Oct 28, 2026Benchmark SPYSEC filings ↗Every PGIM fund ETFIQ covers

Promise check: Not measuredNo outcome period of its has finished in ETFIQ's record (snapshots from Sep 4, 2026).

PMJA risk and return scorecard

vs SPY · Jan 2025 to Oct 2026 · 93 weekly returns · dividend-adjusted

Short history · 21 months
PMJA +11.8%, SPY +33.5%, Jan 2025 to Oct 2026, distributions reinvested.
Return
MeasurePMJASPYEdge
Total return+11.8%+33.5%SPY
Annualized+6.5%+17.5%SPY
Price return+11.8%+30.9%SPY
Risk
MeasurePMJASPYEdge
Volatility2.6%15.1%PMJA
Max drawdown−2.9%−16.9%PMJA
Upside capture13.9%100.0%SPY
Downside capture15.1%100.0%PMJA
Risk-adjusted
MeasurePMJASPYEdge
Sharpe ratio0.870.88Tie
Sortino ratio1.361.33PMJA (slight)
Alpha vs SPY
MeasurePMJASPYEdge
Alpha, a year+0.1%Not significant
Alpha t-stat0.14
Beta to SPY0.171.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 27, 2026
Latest day
$0
Last 5 trading days
$0
12 months to Jul 31, 2026
+$3.0m
No money in or out. 50 days missing.

What you earned

PMJA +0.4%, SPY price return +0.9%: total return over one month to Oct 28, 2026.
PMJA+0.4%
SPY+0.9%
PMJA +1.9%, SPY price return +5.9%: total return over three months to Oct 28, 2026.
PMJA+1.9%
SPY+5.9%
PMJA +3.0%, SPY price return +8.5%: total return over six months to Oct 28, 2026.
PMJA+3.0%
SPY+8.5%
PMJA +4.6%, SPY price return +13.3%: total return over the year to Oct 28, 2026.
PMJA+4.6%
SPY+13.3%
PMJA +5.7%, SPY price return +12.4%: total return over one year to Oct 28, 2026.
PMJA+5.7%
SPY+12.4%
PMJA +11.8%, SPY price return +32.1%: total return since launch to Oct 28, 2026.
PMJA+11.8%
SPY+32.1%

Where does it stand in this outcome period?

Outcome period Jan 1, 2026 to Dec 31, 2026
1.4%
Can still gain from today’s fund price
4.9%
Fall before the buffer from today’s fund price
100.0%
Protection left, index points
64
Days to reset

More on PMJA

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Price, 1 year

$27.980.0%1 day, priceClose, Oct 28, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

PMJA returns by window: total return, cash paid and price change
WindowTotal returnSPY price returnGap to SPY
1M Sep 28 – Oct 28, 2026+0.4%+0.9%−0.5 pts
3M Jul 29 – Oct 28, 2026+1.9%+5.9%−4.0 pts
6M Apr 29 – Oct 28, 2026+3.0%+8.5%−5.5 pts
YTD Dec 31, 2025 – Oct 28, 2026+4.6%+13.3%−8.7 pts
1Y Oct 28, 2025 – Oct 28, 2026+5.7%+12.4%−6.7 pts
Since launch Jan 2, 2025 – Oct 28, 2026+11.8%+32.1%−20.3 pts
Since launch, annualised Jan 2, 2025 – Oct 28, 2026+6.3%––

Total returns, distributions reinvested. SPY's column is its price return, dividends left out: the basis the outcome period uses. Listed Jan 2025: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Email me when PMJA's outcome period resets.

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At its cap
At its capPMJA: reference +13.3% since period start, fund +4.6%; buffer Floor; cap +6.6%; At its cap. Data to Oct 28, 2026.full floor beneath+6.6%full floor0% period start+6.6% capTODAY · SPY +13.3%At its capPMJA: reference +13.3% since period start, fund +4.6%; buffer Floor; cap +6.6%; At its cap. Data to Oct 28, 2026.full floor beneathfull floor0% start+6.6% cap+6.6% gain capturedTODAY · SPY +13.3%

PMJA: reference +13.3% since period start, fund +4.6%; buffer Floor; cap +6.6%; At its cap. Data to Oct 28, 2026.

Money in and out

Daily data · as of Oct 27, 2026

PMJA: in the 15 trading days to Oct 27, 2026, nothing net moved.

1D
$0
0.0% of $5.6m on Oct 26, 2026
Oct 27, 2026
5D
$0
0.0% of $5.6m on Oct 20, 2026
Oct 21, 2026 to Oct 27, 2026
12 months
+$3.0m
126.9% of $2.3m on Jul 31, 2025
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
Nov 2024 to Jul 2026
+$5.2m
Nov 1, 2024 to Jul 31, 2026
monthly, from SEC filings
Net flow each trading day
Net flow into PMJA each trading day, Jul 28, 2026 to Oct 27, 2026monthly, from SEC filingsdaily, from PGIMJul 28, 2026Oct 27, 2026

PMJA, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 0 days and went out on 0 days, of the 15 days with daily data; the other 50 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 50 days missing.

Net flow into PMJA each trading day, Oct 28, 2025 to Oct 27, 2026monthly, from SEC filingsdaily, from PGIMOct 28, 2025Oct 27, 2026

PMJA, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 0 days and went out on 0 days, of the 15 days with daily data; the other 236 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 236 days missing.

Net flow into PMJA each trading day, Mar 26, 2025 to Oct 27, 2026monthly, from SEC filingsdaily, from PGIMMar 26, 2025Oct 27, 2026

PMJA, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 0 days and went out on 0 days, of the 15 days with daily data; the other 385 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 385 days missing.

Money in, netMoney out, netMonthly basis

Daily data starts Oct 7, 2026.

How this is computed

Computed by ETFIQ from PGIM’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for PMJA, back to Nov 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare PMJA with other funds in the flows tool

Every trading day, last 3 months15 days
Oct 27, 2026 $0
Oct 26, 2026 $0
Oct 23, 2026 $0
Oct 22, 2026 $0
Oct 21, 2026 $0
Oct 20, 2026 $0
Oct 19, 2026 $0
Oct 16, 2026 $0
Oct 15, 2026 $0
Oct 14, 2026 $0
Oct 13, 2026 $0
Oct 12, 2026 $0
Oct 9, 2026 $0
Oct 8, 2026 $0
Oct 7, 2026 $0

Most recent first.

Week by week, last year4 weeks
Oct 27, 2026 $0 2 days
Oct 23, 2026 $0
Oct 16, 2026 $0
Oct 9, 2026 $0 3 days

Net flow into PMJA each week, Oct 7, 2026 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outNov 2024 to Oct 2026

PMJA, money in and money out each month from Nov 2024 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from PMJA’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 22 months listed, money came in on net in 6 and went out in 1.

Every bar is from PMJA’s SEC filings (N-PORT item B.6). Of the 22 months listed, money came in on net in 6 and went out in 1.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 7 to Oct 27$0$0$0
Jul 2026 SEC Form N-PORT$0$0$0
Jun 2026 SEC Form N-PORT$0$0$0
May 2026 SEC Form N-PORT+$545k$0+$545k
Apr 2026 SEC Form N-PORT+$271k$0+$271k
Mar 2026 SEC Form N-PORT$0$0$0
Feb 2026 SEC Form N-PORT$0$0$0
Jan 2026 SEC Form N-PORT+$2.1m$0+$2.1m
Dec 2025 SEC Form N-PORT+$2.4m−$2.4m+$4k
Nov 2025 SEC Form N-PORT$0$0$0
Oct 2025 SEC Form N-PORT$0$0$0
Sep 2025 SEC Form N-PORT$0$0$0
Aug 2025 SEC Form N-PORT$0$0$0
Jul 2025 SEC Form N-PORT$0$0$0
Jun 2025 SEC Form N-PORT$0$0$0
May 2025 SEC Form N-PORT$0−$254k−$254k
Apr 2025 SEC Form N-PORT$0$0$0
Mar 2025 SEC Form N-PORT$0$0$0
Feb 2025 SEC Form N-PORT$0$0$0
Jan 2025 SEC Form N-PORT+$501k$0+$501k
Dec 2024 SEC Form N-PORT+$2.0m$0+$2.0m
Nov 2024 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.

PMJA key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$27.98 on Oct 28, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$26.36 on Nov 20, 2025
Close on Oct 28, 2026, within that range (ETFIQ)$27.98, 100% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 27, 2026
Trading · PMJAas of Oct 27, 2026
·
Not scored2 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$1.100.11%
$10,000$110.11%
Premium or discount to NAV, Oct 27 close0.00%
−0.2%95% of days within ±0.11% · the 1% band is off this scale+0.2%
How to tradeLimit: midpoint + 4¢ to buy, midpoint − 4¢ to sell.At the Oct 27 close of $27.98, that’s $28.02 to buy and $27.94 to sell.
Full trading page: components, premium history, dealers →

About PMJA

Reference indexSPY
Buffer100%
Outcome periodJan 1, 2026 to Dec 31, 2026
Starting cap+6.6%
SPY return since period start+13.3%
Fund return since period start+4.6%
Net assets (issuer page, as of Oct 28, 2026)$5.6mReport
Band state today (ETFIQ)At cap
Can still gain (issuer, fund price)1.4%
Fall before buffer (issuer, fund price)4.9%
Fall to the buffer in index terms (ETFIQ)11.7%
Protection left in index points (ETFIQ)100.0% of 100.0%
Days left in period64
Expense ratio (issuer data, Oct 28, 2026)0.50%Report
How we measure
Issuer-published data as of the date shown; ETFIQ calculations marked. Definitions on the learn page. Method
IQ Investment Committee on PMJA

12 seats on PMJA, as of Oct 28, 2026: 2 Challenges, 7 Not enough data, 3 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingDoes not apply
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put PMJA to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about PMJA

How much can PMJA still gain?
Nothing more in index terms on Oct 28, 2026. SPY has already passed the cap of +6.6% for this period, which runs from Jan 1, 2026 to Dec 31, 2026.
How far can PMJA fall before the buffer helps?
4.9% in fund-price terms on Oct 28, 2026, by the issuer's number. In index terms SPY can fall 11.7% from that level before the buffer begins. Losses until that point are the holder's.
How much of the PMJA buffer is left?
100.0% of the 100.0% buffer sat below the SPY level on Oct 28, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does PMJA reset?
The outcome period ends on Dec 31, 2026, 64 days from the data on Oct 28, 2026. A new cap is set the next day and the buffer starts again.
What does PMJA cost?
The prospectus expense ratio is 0.50% a year.
Sources and dates
Prices, PMJA and SPY price returnTiingo end-of-day · Oct 28, 2026
Fee, 0.50%Issuer data · Oct 28, 2026
Net assets, $5.6mIssuer page · Oct 28, 2026

Links are sources, not endorsements.

Cite this pageCitation, APA and Markdown

ETFIQ, PMJA, buffer ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/pmja

The outcome band for PMJA, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

PMJA: PMJA: reference +13.3% since period start, fund +4.6%; buffer Floor; cap +6.6%; At its cap. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/pmja"><img src="https://etfiq.com/assistant/api/embed/buffer/pmja.svg" alt="PMJA: PMJA: reference +13.3% since period start, fund +4.6%; buffer Floor; cap +6.6%; At its cap. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">PMJA: PMJA: reference +13.3% since period start, fund +4.6%; buffer Floor; cap +6.6%; At its cap. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/pmja">ETFIQ</a></figcaption>
</figure>

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Snapshot, Oct 28, 2026. More on the tabs above.